How Ivan Espinosa got Nissan to face reality [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
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Source: Yahoo! Finance
Nissan's global vehicle sales, which peaked at 5.8 million in 2018, slumped to 3.2 million last year. Prior to Espinosa's appointment, the company's share price had tumbled to $6, a third of its January 2018 high of $18. Espinosa has moved quickly to roll out a restructuring plan and to gain trust. “When the job offer came, at first I was surprised, very honestly, because I'm relatively young for a CEO in Japan. I'm not Japanese. At the beginning, it was a bit of a shock,” he said. Clay Chandler: Does the fact that you're not Japanese and that you're younger than a lot of other executives hinder or help your ability to lead? Ivan Espinosa: I think it helps. I've worked in many different roles — planning, marketing, sales, development. So I understand the company inside [and] out. I have worked in many different locations as well: Southeast Asia, Europe, Mexico and South America, of course. And I've worked in Japan for more than 10 years. So I have a very deep understanding of N
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